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212 reviews for:
The Latte Factor: Why You Don't Have to Be Rich to Live Rich
David Bach, John David Mann
3.52 AVERAGE
212 reviews for:
The Latte Factor: Why You Don't Have to Be Rich to Live Rich
David Bach, John David Mann
3.52 AVERAGE
informative
inspiring
fast-paced
informative
fast-paced
A little hokey but was very informative when delivered in a metaphorical story about finances and saving. Very clever way of messaging about finances.
Read all of my reviews at: bit.ly/PageBedtime
This quick read was recommended to me by a good friend. Similar to the style of Who Moved my Cheese, The Latte Factor by David Bach is a small book that packs a powerful punch. Told in story form, the author offers a 3-step solution to attaining financial freedom.
The book is told in such a way that any reader can comprehend. You don't have to be an investor or a math whiz to understand and put his advice into practice. My main issue with this book is that for this practical advice to work, you have to already be at a certain place in life. You must have a stable, consistent income where you have the ability to buy lattes (or whatever your guilty pleasure might be) so that you can give them up. You will get no argument from me: Putting aside ~$300 per month in an interest-bearing account will help you go far, but there are simply a lot of people who don't have that "extra" $300, and it's not because they are buying lattes, or cigarettes, or whatever. It's because they are paying the light bill, or the mortgage, or buying school supplies for their children.
While I think the advice is common sense and easy to put into practice, you have to be starting at that level. Having said that, I think this book is probably best for a recent graduate who doesn't have an enormous amount of debt or financial responsibilities or maybe someone who is about five years into his or her career. The author might want to consider a slightly different approach for other target audiences.
Recommendation: This book is a quick read (or listen) with some valuable advice. I just don't think it's a one size fits all type of solution. Thanks to the Fort Worth Public Library for the borrow!
Until next time ... Read on!
Regardless of whether I purchase a book, borrow a book, or receive a book in exchange for review, my ultimate goal is to be honest, fair, and constructive. I hope you've found this review helpful.
Read all of my reviews at: bit.ly/PageBedtime
This quick read was recommended to me by a good friend. Similar to the style of Who Moved my Cheese, The Latte Factor by David Bach is a small book that packs a powerful punch. Told in story form, the author offers a 3-step solution to attaining financial freedom.
The book is told in such a way that any reader can comprehend. You don't have to be an investor or a math whiz to understand and put his advice into practice. My main issue with this book is that for this practical advice to work, you have to already be at a certain place in life. You must have a stable, consistent income where you have the ability to buy lattes (or whatever your guilty pleasure might be) so that you can give them up. You will get no argument from me: Putting aside ~$300 per month in an interest-bearing account will help you go far, but there are simply a lot of people who don't have that "extra" $300, and it's not because they are buying lattes, or cigarettes, or whatever. It's because they are paying the light bill, or the mortgage, or buying school supplies for their children.
While I think the advice is common sense and easy to put into practice, you have to be starting at that level. Having said that, I think this book is probably best for a recent graduate who doesn't have an enormous amount of debt or financial responsibilities or maybe someone who is about five years into his or her career. The author might want to consider a slightly different approach for other target audiences.
Recommendation: This book is a quick read (or listen) with some valuable advice. I just don't think it's a one size fits all type of solution. Thanks to the Fort Worth Public Library for the borrow!
Until next time ... Read on!
Regardless of whether I purchase a book, borrow a book, or receive a book in exchange for review, my ultimate goal is to be honest, fair, and constructive. I hope you've found this review helpful.
Read all of my reviews at: bit.ly/PageBedtime
challenging
informative
inspiring
reflective
fast-paced
One of my favorite podcasts is Farnoosh Torabi's, "So Money," where I have heard David Bach speak a couple of times about the importance of being financially fit. In his most recent appearance on her podcast (April 2019, I believe), David spoke about the fact he had wanted to write "The Latte Factor," a fictional account that helps women understand the benefits of taking charge of their financial futures, for many years. His publisher wouldn't touch it, so, eventually, he decided to step out of his comfort zone, find a new publisher, and write the damn book.
In it, Zoe is twenty-something and working for a Conde-Nast-ish company in New York. She loves her morning latte and pastry, and she's considering a job offer that would pay her more but require her to work longer hours. She's tempted to take job only to pay her seemingly endless bills, but a timely conversation with her friendly boss, Barbara leads her to discover she's richer than she thinks she is.
This is a story about finding your "why," understanding the power of compound interest, and choosing to work to live vs. choosing to live to work. This book won't win any literary awards, but it was inspiring to listen to, and I truly enjoyed it. This is a book all young women should read.
In it, Zoe is twenty-something and working for a Conde-Nast-ish company in New York. She loves her morning latte and pastry, and she's considering a job offer that would pay her more but require her to work longer hours. She's tempted to take job only to pay her seemingly endless bills, but a timely conversation with her friendly boss, Barbara leads her to discover she's richer than she thinks she is.
This is a story about finding your "why," understanding the power of compound interest, and choosing to work to live vs. choosing to live to work. This book won't win any literary awards, but it was inspiring to listen to, and I truly enjoyed it. This is a book all young women should read.
Nothing earth shattering new here. Just a reminder to invest in a retirement plan (401K) and pay yourself first. It would be a good read for a recent high school/college graduates.
Nothing new or revelatory, but Bach has a gift for storytelling that makes old lessons feel new and interesting
This book reminded me of a cheesy Hallmark movie. Which I hate.
Sexist and pandering. The worst parts of Dave Ramsey but condensed. The epitome of "you could be a kajillionaire if you just learned to make coffee at home!"